It’s an obvious statement that car insurance companies don’t want customers comparing rates. People who compare rates once a year are highly likely to buy a new policy because of the high probability of finding a lower-priced policy. A recent survey discovered that consumers who compared rates regularly saved approximately $70 a month compared to policyholders who never shopped around for better prices.
If finding low prices for GMC Sierra 2500HD insurance in Anchorage is your intention, then having a good understanding how to shop and compare auto insurance can make it simple to find affordable coverage.
If you want to save money, the best way to find low-cost prices for auto insurance rates in Anchorage is to regularly compare quotes from insurance carriers that sell auto insurance in Alaska.
First, try to understand the coverage provided by your policy and the measures you can control to lower rates. Many rating factors that result in higher prices such as your driving record and an unfavorable credit rating can be controlled by making minor changes to your lifestyle. This article gives more details to keep prices down and find possible discounts that are available.
Second, request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO or Allstate, while independent agencies can provide rate quotes for many different companies.
Third, compare the new rate quotes to the premium of your current policy to see if a cheaper price is available in Anchorage. If you find a lower rate quote and decide to switch, make sure there is no lapse in coverage.
Fourth, provide proper notification to your current company of your intent to cancel your current car insurance policy. Submit payment along with a signed and completed policy application to your new insurance company. Immediately place your new certificate verifying coverage with your vehicle’s registration.
One thing to remember is that you’ll want to compare the same amount of coverage on each quote request and and to get rate quotes from all possible companies. Doing this provides an accurate price comparison and a thorough selection of prices.
Lower rate quotes by getting discounts
The cost of insuring your cars can be expensive, but you might already qualify for some discounts that you may not even be aware of. Some discounts apply automatically when you quote, but once in a while a discount must be inquired about before being credited. If you do not double check each discount possible, you’re paying more than you need to.
- Multi-policy Discount – If you can bundle your homeowners and auto insurance with the same insurance company they may give you a discount of as much as 10 to 15 percent.
- Telematics Data – Drivers who elect to allow driving data collection to study when and where they use their vehicle by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system could save a few bucks as long as the data is positive.
- Good Grades Discount – This discount can get you a discount of up to 25%. This discount can apply until age 25.
- Employee of Federal Government – Simply working for the federal government could qualify for a slight premium decrease depending on your company.
- Driver Education Discount – Teen drivers should enroll in driver’s education if offered at their school.
A little disclaimer on discounts, most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as comp or med pay. Despite the fact that it seems like you can get free auto insurance, company stockholders wouldn’t be very happy.
The diagram below illustrates the difference between GMC Sierra 2500HD premium costs with and without discounts. The costs are based on a female driver, no violations or accidents, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, homeowner, multi-policy, and safe-driver discounts applied.
The best insurance companies and some of the discounts are shown below.
- Progressive includes discounts for homeowner, multi-policy, good student, online signing, continuous coverage, multi-vehicle, and online quote discount.
- The Hartford may have discounts that include driver training, vehicle fuel type, anti-theft, bundle, defensive driver, and good student.
- Mercury Insurance offers discounts for type of vehicle, anti-theft, age of vehicle, good student, professional/association, multi-policy, and good driver.
- GEICO offers discounts including membership and employees, daytime running lights, good student, anti-theft, anti-lock brakes, and five-year accident-free.
- AAA may offer discounts for multi-car, anti-theft, good student, education and occupation, good driver, and multi-policy.
- State Farm has discounts for safe vehicle, driver’s education, good student, Drive Safe & Save, and accident-free.
When comparing rates, check with all the companies to give you their best rates. Some of the earlier mentioned discounts might not be offered on policies in Anchorage. If you would like to view insurers that offer discounts in Anchorage, click here.
The fastest way that we advise to compare policy rates for GMC Sierra 2500HD insurance in Anchorage is to understand most larger insurance companies actually pay money for the chance to provide you with free rate quotes. All you need to do is provide details like if you’re married, distance driven, if you are currently licensed, and whether your vehicle is owned or leased. That rating information gets sent immediately to many highly-rated insurers and you should receive rate quotes instantly to find the best rate.
To compare rates for your car now, click here and enter the information requested.
The providers in the list below can provide price quotes in Anchorage, AK. To locate cheaper auto insurance in Anchorage, it’s a good idea that you visit several of them to get the lowest price.
Data for GMC Sierra 2500HD insurance
The premium table shown below outlines detailed analysis of insurance costs for GMC Sierra 2500HD models. Having insight into how insurance policy premiums are formulated can aid in making decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Sierra 2500HD SLE Regular Cab 4WD||$232||$480||$330||$20||$98||$1,160||$97|
|Sierra 2500HD SLE Regular Cab 2WD||$232||$480||$372||$22||$112||$1,218||$102|
|Sierra 2500HD SLE Crew Cab 4WD||$232||$480||$330||$20||$98||$1,160||$97|
|Sierra 2500HD SLE Extended Cab 4WD||$232||$480||$330||$20||$98||$1,160||$97|
|Sierra 2500HD SLE Crew Cab 2WD||$232||$552||$372||$22||$112||$1,290||$108|
|Sierra 2500HD SLE Extended Cab 2WD||$232||$552||$372||$22||$112||$1,290||$108|
|Sierra 2500HD SLT Crew Cab 4WD||$232||$552||$330||$20||$98||$1,232||$103|
|Sierra 2500HD SLT Extended Cab 4WD||$232||$552||$330||$20||$98||$1,232||$103|
|Sierra 2500HD SLT Extended Cab 2WD||$232||$552||$372||$22||$112||$1,290||$108|
|Sierra 2500HD SLT Crew Cab 2WD||$260||$552||$372||$22||$112||$1,318||$110|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific zip code location which can raise or lower insurance rates greatly.
The information below illustrates how choosing a deductible and can increase or decrease GMC Sierra 2500HD insurance prices for different age groups. The data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.
Cost difference between full coverage and liability
The illustration below visualizes the comparison of GMC Sierra 2500HD yearly insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no claims or violations, $100 deductibles, single marital status, and no discounts are applied to the premium.
When to stop paying for full coverage
There is no set guideline to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your GMC Sierra 2500HD replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after paying your policy deductible. If it’s costing you more than $200 annually for physical damage coverage, then it could be time to drop full coverage.
There are a few cases where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
Auto insurance is unique, just like you
When buying your policy for your personal vehicles, there really isn’t a cookie cutter policy. Your needs are unique to you and your auto insurance should be unique as well.
For example, these questions may help highlight if your situation would benefit from an agent’s advice.
- Can I use my car for my catering business?
- How high should my medical payments coverage be?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Do I have any recourse if my insurance company denies a claim?
- Am I covered if I hit a deer?
- Is motorclub coverage worth it?
- Where can I get insurance after a DUI in Alaska?
If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
Compare prices but buy from a local neighborhood Anchorage car insurance agent
Many people would prefer to talk to an insurance agent and that can be a great decision Licensed agents can point out coverage gaps and give you someone to call. A nice benefit of comparing rate quotes online is you can get cheap rate quotes and still have an agent to talk to.
After completing this simple form, the quote information gets sent to insurance agents in Anchorage who will return price quotes and help you find cheaper coverage. There is no reason to find an agent due to the fact that quote results will go to you. If you want to get a price quote from one company in particular, feel free to search and find their rate quote page and complete a quote there.
Choosing an provider should include more criteria than just the premium amount. Agents should be asked these questions:
- Does the agency support the community they serve?
- Does the agency have a good rating with the Better Business Bureau?
- Do they have any clout with companies to ensure a fair claim settlement?
- Do they get paid more for recommending certain coverages?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they have 24-hour customer assistance?
- Which insurance company do they prefer to write with?
- Is insurance their full-time profession?
If you need to find a reputable agency, it’s helpful to know the different types of agents and how they work. Car insurance agents in Anchorage can either be independent agents or exclusive agents. Both can do a good job, but it’s worth learning how they differ since it may influence which type of agent you select.
Agents that choose to be exclusive write business for a single company such as State Farm, Allstate, and Farm Bureau. These agents are unable to give you multiple price quotes so it’s a take it or leave it situation. Exclusive agents are very knowledgeable on the products they sell which helps them sell on service rather than price.
Listed below is a list of exclusive agents in Anchorage that are able to give price quotes.
Curt Green, Jr. – State Farm Insurance Agent
836 E 15th Ave #1 – Anchorage, AK 99501 – (907) 272-2812 – View Map
These agents do not have single company limitations so they can quote policies with multiple insurance companies and find you cheaper rates. If your agent finds better pricing, they can switch companies in-house which makes it simple for you. When shopping rates, it’s a good idea to get quotes from at a minimum one independent agency in order to compare the most rates.
Listed below is a list of independent insurance agents in Anchorage willing to provide rate quotes.
Alaskan General Insurance
1400 W Benson Blvd # 500 – Anchorage, AK 99503 – (907) 297-4500 – View Map
Alaska Pacific Insurance Agency dba: APIA Insurance
912 E 15th Ave #100 – Anchorage, AK 99501 – (800) 890-5563 – View Map
After receiving positive responses to these questions as well as a price you’re happy with, you may have just found a car insurance agent that can be relied on to properly insure your vehicles.
Anchorage auto insurance companies ranked
Buying coverage from the best insurer can be rather challenging considering how many choices drivers have in Alaska. The company information shown next can help you analyze which auto insurers to look at comparing prices from.
Top 10 Anchorage Car Insurance Companies by A.M. Best Rank
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- The General – A-
- AAA Insurance – A
- Liberty Mutual – A
Do the work, save more money
You just read some good ideas how to save on GMC Sierra 2500HD insurance in Anchorage. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. Consumers could even find that the best prices are with a company that doesn’t do a lot of advertising. Smaller companies can often provide lower rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.
Budget-conscious GMC Sierra 2500HD insurance is possible online as well as from independent agents in Anchorage, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies don’t offer internet price quotes and usually these regional carriers work with independent agencies.
When trying to cut insurance costs, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed physical damage coverage only to discover later that it was a big error on their part. Your aim should be to buy a smart amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Even more information is located by following these links:
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Who Has Affordable Auto Insurance Quotes for Young Drivers in Anchorage? (FAQ)
- Who Has Affordable Car Insurance Quotes for Low Credit Scores in Anchorage? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)